Certified Mortgage Rates, Fees & Info
El Monte, CALEI: 549300WXO2FZYE7KAW26
Tax ID: 95-6064741
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Mortgage Data
Review & Overview
Certified is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Certified has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Oxnard, and Sacramento among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Certified has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.29% | 4/24/25 |
| 30 Year Conventional Refi | 6.78% | 4/24/25 |
| 30 Year Cash-out Refi | 6.52% | 4/24/25 |
| 15 Year Conventional Purchase | 6.00% | 4/24/25 |
| 15 Year Conventional Refi | 5.66% | 4/24/25 |
| 15 Year Cash-out Refi | 5.66% | 4/24/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Certified Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
222Origination Dollar Volume (All Markets)
$61,000,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 105 | $30,365,000 | $289,190 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 67 | $15,035,000 | $224,403 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 22 | $8,410,000 | $382,273 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $2,035,000 | $290,714 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Elko, NV (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against CERTIFIED based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 222 | $61,000,000 | $274,775 | $0 | 0.00% |
For 2022, Certified's most frequently originated type of loan was Conventional, with 222 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 174 | $42,210,000 | $242,586 | $0 | 0.00% |
| Home Purchase | 30 | $14,400,000 | $480,000 | $0 | 0.00% |
| Refi | 18 | $4,390,000 | $243,889 | $0 | 0.00% |
For 2022, Certified's most frequently cited loan purpose was Cash Out Refi, with 174 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 222 | $61,000,000 | $274,775 | $0 | 0.00% |
For 2022, Certified's most frequently cited loan duration was Other, with 222 originations.
Loan Sizing
2022 saw Certified place emphasis on $100,000 or less loans with 59 originations, totaling $3,635,000 in origination value.
Applicant Income
Certified lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $50k-75k, with 49 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 222 | $61,000,000 | $274,775 | $0 | 0.00% |
Certified lent most frequently to those with DTI ratios of Exempt%, with 222 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.25%
Certified has an average approval rate.
Pick Rate
Approvals leading to origination78.38%
Certified has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 222 | $61,000,000 | $274,775 |